Title
RESOLUTION AUTHORIZING CITY OF JONESBORO MAYOR TO RELEASE THE LIEN ON PROPERTY AS DESCRIBED: LOT 4 of Beacons and Bridges First Addition to the City of Jonesboro, Craighead County, Arkansas, Replat of Lots 6, 7, and 8 of Watkins Subdivision of a part of the Southeast Quarter of the Southwest Quarter of Section 8, Township 14 North, Range 4 East, as shown by Plat recorded in Plat Cabinet "C" page 193 and subject to easements and rights of way of record.
Body
WHEREAS, the City of Jonesboro placed a lien on said property August 6, 2007 to enforce requirements sat forth by HUD federal guidelines for property acquisition; and
WHEREAS, said property was purchased for Beacons and Bridges utilizing CDBG funds; and
WHEREAS, said property was to be utilized by Beacons and Bridges to construct new homes and sold to low income residents; and
WHEREAS, a single family home was constructed and now has been sold according to HUD requirements.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:
Section 1: The Mayor of Jonesboro, Arkansas is now authorized to release the lien on said property described here; and
Section 2: The Mayor and City Clerk of Jonesboro, Arkansas are authorized to execute any and all documents necessary to effectuate the release of said lien.
PASSED AND APPROVED this 19th day of May, 2015.